HM SERVICE

Active

Private limited companyfounded 20223 yrs activeStalingradlaan 52, 1000 Brussel, BelgiumKBO/BCE: BE 0794.759.897

The computed 12-month bankruptcy probability of HM SERVICE is 5.4% (elevated). The 2025 annual accounts show equity of €94k and a net result of €29k. Equity is growing by ~69.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 27386 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

78 / 100

Excellent▲ +2 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency47▲+23

Growth78=

Stability94

Bankruptcy probability, 12 months

5.4% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity tight (current ratio 1.28 against 1.13 in 2024), and 73.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

26.6%

Return on assets

8.3%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

4 d early

2024

75 d late

2023

7 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€94k▲ 52.0%

2024 · €62k

2023: €8k 2024: €62k

2023 → 2025

Total assets

€353k▼ 16.6%

2024 · €423k

2023: €47k 2024: €423k

2023 → 2025

Net result

€29k▼ 45.2%

2024 · €54k

2023: €4k 2024: €54k

2023 → 2025

Working capital

€72k▲ 53.7%

2024 · €47k

2023: €-687 2024: €47k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€8k-€62k▲ 659%€94k▲ 52.0%

Operating result€4k-€54k▲ 1,178%€30k▼ 45.1%

Net result€4k-€54k▲ 1,193%€29k▼ 45.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 45% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €353k

93.7%

Fixed assets €22k▲ 46.9%

Current assets €331k▼ 19.0%

Equity and liabilities €353k

26.6%

73.4%

Equity €94k▲ 52.0%

Debt €259k▼ 28.3%

The debt ratio falls from 85.4% to 73.4%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€38k▼

2024 · €60k

Cash flow

€38k▼

2024 · €60k

Solvency

26.6%▲

2024 · 14.6%

Current ratio

1.28▲

2024 · 1.13

Quick ratio

1.28▲

2024 · 1.13

Debt / equity

2.76▼

2024 · 5.85

ROE

31.3%▼

2024 · 86.8%

ROA

8.3%▼

2024 · 12.7%

Interest coverage

406.83▲

2024 · 281.17

Debt

€259k▼

2024 · €362k

Debt ≤ 1 year

€259k▼

2024 · €362k

Staff costs

€392k▲

2024 · €112k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€423k€353k▼

Fixed assets21/28€15k€22k▲

Tangible fixed assets22/27€13k€19k▲

Furniture and vehicles24€13k€19k▲

Financial fixed assets28€3k€4k▲

Current assets29/58€408k€331k▼

Amounts receivable within one year40/41€406k€315k▼

Trade receivables40€211k€120k▼

Other amounts receivable41€195k€195k▼

Cash at bank and in hand54/58€2k€16k▲

Equity and liabilities

Total equity and liabilities10/49€423k€353k▼

Equity10/15€62k€94k▲

Contributions10/11€4k€7k▲

Profit (loss) carried forward14€58k€87k▲

Amounts payable17/49€362k€259k▼

Amounts payable within one year42/48€362k€259k▼

Trade debts44€208k€71k▼

Suppliers440/4€208k€71k▼

Taxes, remuneration and social security45€37k€169k▲

Taxes450/3€2k€22k▲

Remuneration and social security454/9€35k€147k▲

Other amounts payable47/48€117k€18k▼

Income statement Code20242025

Remuneration, social security and pensions62€112k€392k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲

Other operating charges640/8€862€566▼

Non-recurring operating charges66A-€464

Gross operating margin9900€174k€431k▲

Operating profit (loss)9901€54k€30k▼

Financial income75/76B€71-

Recurring financial income75€71-

Financial charges65/66B€214€93▼

Recurring financial charges65€214€93▼

Profit (loss) for the period before taxes9903€54k€29k▼

Profit (loss) for the period9904€54k€29k▼

Profit (loss) for the period to be appropriated9905€54k€29k▼

Appropriation of the result

Profit (loss) to be appropriated9906€58k€87k▲

Profit (loss) brought forward from the previous period14P€4k€58k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

14-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 75 days late

2024

31-12

Financial Highest result since 2023net €54k ▲1193%

Operating result €54k, net result €54k, both a record.

24-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brussel · 2 establishment units since 2023

establishment approximate All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Stalingradlaan 521000 Brussel

Ground area

1.9 ha

Building footprint

4,083 m²

Volume, LiDAR

53,445 m³

3 parcels, Brussels, Flanders, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.

2 establishment units

HM SERVICE

Bergensesteenweg 423, 1600 Sint-Pieters-LeeuwSpecialised construction activities

since 20232.342.220.792

HM Cleaning

Drève Richelle 161, 1410 WaterlooOther building finishing work

since 20252.372.521.515

3 parcels

Flanders 1 (33.3%) Wallonia 1 (33.3%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25763M0621/00F000indicative	Wallonia	1.0 ha	1 · 1,772 m²	22.9 m · 6 fl.
23582E0505/00E000	Flanders	8,312 m²	1 · 1,971 m²	9.7 m · 3 fl.
21809K0170/02B005	Brussels	336 m²	1 · 340 m²	21.1 m · 5 fl.